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Bitwise Asset Management is the latest US financial company to apply for regulatory approval to launch a bitcoin ETF. The company expects to get approval from the SEC, which all other candidates have not been able to do so far, using a new model for the instrument.

The company reportedly spent 2018 looking for the SEC's cryptography market concerns, including the quality of the commercial ecosystem, price reliability, the strength of the arbitrage function and the robustness of the market. conservation. "We believe that the cryptographic trading ecosystem has evolved considerably over the past year," said John Hyland, Global Head of Exchange Traded Funds for Bitwise. "Having a bank or a regulated trust company holding the physical assets of a fund has been the norm for regulating funds in the United States for 80 years, and we think it's now possible with bitcoin. "

"While there is no guarantee that the 19b-4 application will be accepted or that the SEC will ultimately review and expedite the registration statement, we are optimistic that 2019 will be the year of the launch." a bitcoin ETF, "said Hyland.

As reported recently in the news.Bitcoin.com, while companies were fighting for SEC approval so far, fund providers now claim sufficient market liquidity for such an ETF to be launched in 2019.

Is the SEC likely to approve this new ETF? Share your thoughts in the comments section below.

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